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Karolina [17]
3 years ago
13

An auditor wants to verify that for a given inventory acquisition, (1) the merchandise was ordered by the company, (2) the merch

andise was delivered to the company, and (3) a bill for the merchandise was received. the auditor should look at which documents
Business
1 answer:
choli [55]3 years ago
5 0

The answer is: 1. the merchandise was ordered by the company

The auditor could easily obtain this information by looking at the company's purchase order. Purchase order would contain information regarding sellers, types of products, dates, prices, and quantities of the products ordered. This information is what the auditor need to fully verify the inventory acquisition.

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Which type of plan is created when a community builds a new mass transit system?
Murrr4er [49]
I think its B.short-term plan
7 0
3 years ago
Read 2 more answers
_______________ ensures that all relevant financial information is reported. (select an option)
Wewaii [24]

Answer:

B. Full disclosure principle

Explanation:

Full disclosure principle ensures that all relevant financial information is reported

7 0
3 years ago
What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}

P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}

The probability of losing would be:

P(loss) = 1 - P(win)

P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

= 9,999,999 X \frac{1}{15,890,700}  + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37

Thus, we expect to lose $0.37 per lottery ticket

7 0
3 years ago
north company budgets overhead costs for the next year of $5,240,000 for indirect labor and $550,000 for factory utilities. the
grin007 [14]

The company's plantwide overhead rate is calculated to be $38.60 per machine hour.

The company's plantwide overhead rate can be calculated by dividing the sum of overhead costs of indirect labor and factory utilities by the total machine hours planned for the next year. As the overhead cost of indirect labor is $5,240,000 and the overhead cost of factory utilities is $550,000; the plantwide overhead rate can be calculated as follows;

plantwide overhead rate = (overhead cost of indirect labor + overhead cost of factory utilities) ÷ machine hours

plantwide overhead rate = $5,240,000 + $550,000 ÷ 150,000

plantwide overhead rate = 5,790,000 ÷ 150,000

plantwide overhead rate = 38.60

Therefore, the plantwide overhead rate is calculated to be $38.60 per machine hour.

To learn more about overhead rate, click here:

brainly.com/question/24130597

#SPJ4

8 0
1 year ago
According to current law, for works created after 1976, what are the copyright durations for a creator and for a corporation?
Elenna [48]
Answer:
For the creator, the copyright duration is the lifetime of the author plus 50 years.
For a corporation, the copyright duration is 75 years.

Details:
The copyright Act of 1976 was a revision of the previous copyright Act of 1988.
Another revision enacted by the 1976 copyright law was to increase the extension of copyrighted material before 1978 that was not in the public domain. The increase was from 28 to 47 years or a total duration of 75 years.
5 0
3 years ago
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